2023 MKD to XOF Historical Review

YEARLY HIGH

10.7684 XOF

YEARLY LOW

10.4690 XOF

YEARLY AVERAGE

10.6461 XOF

2023 MKD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 10.7684. Conversely, the yearly low was recorded on January 8, dropping to 10.4690.

This high-to-low spread represents a total annual volatility of 0.2995 XOF. From a start-to-finish perspective, comparing the January average rate of 10.6344 to the December average rate of 10.6507, the exchange rate registered a net change of 0.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.7684 was down 0.73% compared to the 2022 peak of 10.8476, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 53,842 XOF

2022 Average 53,243 XOF

Yearly Trough Low 52,345 XOF

Transaction Impact: A difference of 1,497.31 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6621

10.6318

JanuMarcMayJulySeptNove

MKD to XOF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.6397, compared to 10.6525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 10.6397

H2 Avg (Jul–Dec) 10.6525

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2793 XOF (High: 10.7487 / Low: 10.4695). On the other end, October was the most stable month, with a tight range of 0.0656 XOF (High: 10.6995 / Low: 10.6339).

July Spread (Volatile) ±0.2793

October Spread (Stable) ±0.0656

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0160 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 10.6548) against the same month in 2022 (average: 10.6405), the exchange rate shifted by +0.0143 (+0.13%).

2023 Avg (February) 10.6548

2022 Avg (February) 10.6405

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7329	10.4690	10.6344
February	10.7684	10.5307	10.6548
March	10.7569	10.5492	10.6388
April	10.7628	10.5261	10.6344
May	10.7296	10.4705	10.6380
June	10.6777	10.5411	10.6377
July	10.7487	10.4695	10.6508
August	10.6862	10.5739	10.6521
September	10.6749	10.6078	10.6576
October	10.6995	10.6339	10.6596
November	10.7018	10.5641	10.6444
December	10.6960	10.5618	10.6507